Hinduja brothers are the wealthiest billionaires in UK
The Hinduja family has four siblings — Srichand, Gopichand, Prakash and Ashok. They run the London-based conglomerate - HInduja Group - which generates an annual revenue of $50 billion.
The journey started when P D Hinduja founded a merchant bank and trading company in 1914. Now, its trading operations are spread across every commodity except tobacco, alcohol and meat. It also expanded to other sectors including energy, and foundries.
The group which now wants to touch the sky is no stranger to transportation business. Their Ashok Leyland is the fourth largest bus manufacturer in the world.
Here is another indication of how influential they are. Their Carlton House Terrace mansion is located near Buckingham Palace in London.
Hindujas led one of the biggest acquisitions in India
Jet may not be the biggest bet the Hindujas ever made.
Hindujas went on an acquisition spree in the late eighties. They purchased 39% stake in Ashok Leyland, which had a market value of ₹400 crore, in 1987. It marked Hindujas’ entry into Indian listed business. The automaker went to become a $2.5 billion company and remains one of its major revenue generators. In the same year, it also bought 59% shares in Ennore Foundries.
Their wealth soared after Boris Johnson won U.K’s general election